Jingxing Paper updates on share repurchase program

Zhejiang Jingxing Paper Joint Stock Company has reported progress in its share repurchase program, approved by its board and shareholders in late 2024. The company plans to repurchase shares using its own funds or raised capital, totaling not less than RMB 80,000,000 and not exceeding RMB 150,000,000, at a price not exceeding RMB 4.00 per share. These repurchased shares are intended for conversion into convertible company bonds.

As of October 31, 2025, the company has cumulatively repurchased 1,293,300 shares through concentrated bidding, representing 0.0910% of its total share capital. The highest price paid was RMB 3.60 per share, and the lowest was RMB 3.47 per share, totaling RMB 4,574,147.00 (excluding transaction fees). The repurchase aligns with the company's approved plan and relevant regulations.

Zhejiang Jingxing Paper will continue to implement the repurchase plan as market conditions permit and will fulfill its information disclosure obligations.